What is the role of GTC in cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  GTC orders are a type of order in cryptocurrency trading that remains active until it is either filled or canceled by the trader. When you place a GTC order, it stays in the order book until it is executed or manually canceled. This allows traders to set their desired price levels and not worry about constantly monitoring the market. GTC orders are particularly useful for long-term investors who want to buy or sell at specific price points without actively managing their trades.
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• Nov 26, 2021 · 3 years ago
  GTC orders are like setting a price alert on your favorite shopping app. You set the price you are willing to pay or sell at, and the order stays active until it's fulfilled or you decide to cancel it. This is especially helpful in cryptocurrency trading, where prices can be highly volatile. GTC orders give you the flexibility to set your desired price and let the market come to you, rather than constantly watching the charts and placing manual orders.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers GTC orders as part of its trading features. With BYDFi, you can place GTC orders to buy or sell cryptocurrencies at your desired price points. These orders are stored in the exchange's order book until they are executed or canceled. GTC orders are a convenient tool for traders who want to automate their trading strategies and take advantage of price movements without constantly monitoring the market.
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